Ripple has taken a significant step in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) by filing a cross-appeal. This move is aimed at defending the position that XRP should not be classified as a security.
Stuart Alderoty, Ripple’s chief legal officer, highlighted this development on the social media platform X. Alderoty reiterated that the status of XRP as a non-security should remain unaffected due to the stringent limitations imposed on court reviews.
This legal maneuver by Ripple underscores the company's determination to challenge the SEC's stance and protect its interests regarding XRP. The outcome of this legal battle could set a significant precedent for the cryptocurrency industry.
The case continues to be closely watched by both legal experts and the wider crypto community, as it could have wide-ranging implications on how digital assets are regulated in the United States.
